Billing Code 4810-AS-P
DEPARTMENT OF THE TREASURY
Interest Rate Paid on Cash Deposited to Secure U.S. Immigration and Customs
Enforcement Immigration Bonds
AGENCY: Departmental Offices, Treasury.
ACTION: Notice.
SUMMARY: For the period beginning July 1, 2024, and ending on September 30, 2024,
the U.S. Immigration and Customs Enforcement Immigration Bond interest rate is 3 per
centum per annum.
DATES: Rates are applicable July 1, 2024, to September 30, 2024.
ADDRESSES: Comments or inquiries may be mailed to Will Walcutt, Supervisor,
Funds Management Branch, Funds Management Division, Fiscal Accounting, Bureau of
the Fiscal Services, Parkersburg, West Virginia 26106-1328.
You can download this notice at the following Internet addresses:
<http://www.treasury.gov> or <http://www.federalregister.gov>.
FOR FURTHER INFORMATION CONTACT: Ryan Hanna, Manager, Funds
Management Branch, Funds Management Division, Fiscal Accounting, Bureau of the
Fiscal Service, Parkersburg, West Virginia 261006-1328 (304) 480-5120; Will Walcutt,
Supervisor, Funds Management Branch, Funds Management Division, Fiscal
Accounting, Bureau of the Fiscal Services, Parkersburg, West Virginia 26106-1328,
(304) 480-5117.
SUPPLEMENTARY INFORMATION: Federal law requires that interest payments on
cash deposited to secure immigration bonds shall be “at a rate determined by the
Secretary of the Treasury, except that in no case shall the interest rate exceed 3 per
centum per annum.” 8 U.S.C. 1363(a). Related Federal regulations state that “Interest on
cash deposited to secure immigration bonds will be at the rate as determined by the

Secretary of the Treasury, but in no case will exceed 3 per centum per annum or be less
than zero.” 8 CFR 293.2. Treasury has determined that interest on the bonds will vary
quarterly and will accrue during each calendar quarter at a rate equal to the lesser of the
average of the bond equivalent rates on 91-day Treasury bills auctioned during the
preceding calendar quarter, or 3 per centum per annum, but in no case less than zero. [FR
Doc. 2015-18545]. In addition to this Notice, Treasury posts the current quarterly rate in
Table 2b - Interest Rates for Specific Legislation on the Treasury Direct website.
The Deputy Assistant Secretary for Public Finance, Gary Grippo, having reviewed and
approved this document, is delegating the authority to electronically sign this document
to Heidi Cohen, Federal Register Liaison for the Department, for purposes of publication
in the Federal Register.
Heidi Cohen,
Federal Register Liaison.

[FR Doc. 2024-14759 Filed: 7/3/2024 8:45 am; Publication Date: 7/5/2024]